Learn about the policies and procedures that online casinos have to go through to get a license from Malta. See the policies in place for protection of the players, responsible gaming, data checks, staff training and more that is required in Malta. Betting online license Casino Malta Malta Online Gambling Licensing About Malta. Malta is a politically stable country, with dedicated legislation, real tax efficiency and a modern legal and business climate. As of May 2004 it is a member of the European Union, such Membership will benefit the country, given that it will now influence the.
When Malta began licensing online gambling sites, it did so under the Public Lotto Ordinance. The legislation was subsequently overhauled and regulation is now in accordance with the Lotteries and Other Games Act of 2001.
An addition to this act in 2004, they created the Remote Gaming Regulations. Under the terms of this legislation there are four licenses that operators can apply for. These are as follows.
- Class 1, covering casino-type games, skill games, and online lotteries.
- Class 2, covering fixed odds betting, pool betting, and spread betting.
- Class 3, covering peer to peer gaming and betting exchanges.
- Class 4, which is for software vendors.
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Operators may apply for multiple licenses, which are issued for five years at a time. There are a number of requirements and conditions that must be met before a license is awarded.
For the most part, these relate to the proper operation of interactive games, the protection of players, and the prevention of money laundering. One specific requirement is that a significant part of operations must be physically located in Malta.
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Once awarded a license, licensees have to adhere to a number of additional conditions. Among other things, they have to maintain proper financial records, have data protection procedures, and have policies covering responsible gambling.
Licenses can be revoked at any time and certain actions by licensees require written approval.